1 00:00:06,400 --> 00:00:08,879 Michael Thompson: This is the weekend edition of Fear and Greed business 2 00:00:08,920 --> 00:00:11,360 Michael Thompson: News you can use. I'm Michael Thompson and good morning 3 00:00:11,400 --> 00:00:12,160 Michael Thompson: Sean Aylmer. 4 00:00:12,360 --> 00:00:13,480 Sean Aylmer: Good morning, Michael. 5 00:00:14,320 --> 00:00:16,920 Michael Thompson: Sean, this is a very special edition of the show. 6 00:00:17,040 --> 00:00:19,480 Michael Thompson: It is for the end of the financial year because 7 00:00:19,480 --> 00:00:22,040 Michael Thompson: we are almost there. We have made it through another one, 8 00:00:22,160 --> 00:00:24,119 Michael Thompson: and so we are going to take this morning to 9 00:00:24,160 --> 00:00:26,960 Michael Thompson: look back at the last twelve months, and each nominates 10 00:00:26,960 --> 00:00:29,479 Michael Thompson: what we think is the biggest business story of the year, 11 00:00:29,840 --> 00:00:33,559 Michael Thompson: the most remarkable business story, an absolute cracker of a 12 00:00:33,600 --> 00:00:37,680 Michael Thompson: mystery category this week, and then our favorite story. It 13 00:00:37,840 --> 00:00:40,199 Michael Thompson: is a competition as always, Even though this is a 14 00:00:40,200 --> 00:00:42,520 Michael Thompson: special edition, we still need a judge to pick a winner. 15 00:00:42,560 --> 00:00:44,720 Michael Thompson: In fact, there's probably even more pressure on the judge 16 00:00:44,760 --> 00:00:47,920 Michael Thompson: because it's a special edition. Our Fear and Greed colleague 17 00:00:48,000 --> 00:00:52,080 Michael Thompson: Adam lang has is adjudicating pencil ready, Adam, good morning. 18 00:00:52,400 --> 00:00:54,480 Adam Lang: Good morning Sean, and good morning Michael. 19 00:00:55,160 --> 00:00:57,280 Sean Aylmer: Do you have an adjudicating pencil? 20 00:00:57,800 --> 00:00:59,000 Adam Lang: No. I have a pen. 21 00:00:59,160 --> 00:01:02,680 Sean Aylmer: Right, Well, I mean the actual form of the device 22 00:01:02,720 --> 00:01:04,840 Sean Aylmer: that mattered to me. It is more the adjudicating part that 23 00:01:04,880 --> 00:01:05,800 Sean Aylmer: I was interested in. 24 00:01:05,480 --> 00:01:08,800 Adam Lang: A special one? No, I actually use it for other things. 25 00:01:09,280 --> 00:01:10,560 Adam Lang: Oh maybe I should have. 26 00:01:11,040 --> 00:01:11,560 Sean Aylmer: I like it. 27 00:01:13,800 --> 00:01:15,600 Michael Thompson: I'm not a huge fan. I think you should actually 28 00:01:15,600 --> 00:01:17,160 Michael Thompson: have one that sits in its own little case and 29 00:01:17,200 --> 00:01:19,839 Michael Thompson: you only take it out every Saturday morning for things 30 00:01:19,880 --> 00:01:22,040 Michael Thompson: like this, Just like a judge wouldn't use that. A 31 00:01:22,080 --> 00:01:25,240 Michael Thompson: judge wouldn't use their gavel for other things through the week. 32 00:01:25,280 --> 00:01:27,000 Michael Thompson: They're not using it to kind of build a house, 33 00:01:27,120 --> 00:01:28,080 Michael Thompson: hammer some nails in. 34 00:01:28,280 --> 00:01:30,280 Sean Aylmer: Referee on the footing field. What do they use their 35 00:01:30,280 --> 00:01:31,959 Sean Aylmer: whistle during the week? I don't think so. 36 00:01:32,600 --> 00:01:35,039 Michael Thompson: No, Adam in here to start around your can with 37 00:01:35,120 --> 00:01:38,000 Michael Thompson: the respect it deserves. Oh good, Okay, we've got off 38 00:01:38,040 --> 00:01:40,040 Michael Thompson: to a great start. A little bit of feedback there 39 00:01:40,080 --> 00:01:42,560 Michael Thompson: we go. All right, let's rip in. What are you 40 00:01:42,640 --> 00:01:46,200 Michael Thompson: looking for in this very special end of Financial Year 41 00:01:46,280 --> 00:01:48,880 Michael Thompson: Special edition episode? Special episode. 42 00:01:49,080 --> 00:01:50,840 Sean Aylmer: It's special, yep, so special. 43 00:01:50,880 --> 00:01:55,320 Speaker 4: The financial year criteria way even more heavily this week, 44 00:01:55,600 --> 00:01:59,840 Speaker 4: starting with economic impact, then of course topicality and timely, 45 00:02:00,680 --> 00:02:05,320 Speaker 4: some subjective bias and a dash of melodrama, dash. 46 00:02:05,000 --> 00:02:05,560 Sean Aylmer: Just a dash. 47 00:02:05,920 --> 00:02:08,400 Michael Thompson: We can manage that. Let's do this. We're going to 48 00:02:08,440 --> 00:02:11,800 Michael Thompson: go with the biggest business story of the year first, 49 00:02:12,200 --> 00:02:15,799 Michael Thompson: and Sean, because you go first every week, I'm going 50 00:02:15,840 --> 00:02:19,840 Michael Thompson: to go first today, Right off you go, because there 51 00:02:19,880 --> 00:02:23,520 Michael Thompson: really is only one big This is how I start 52 00:02:23,600 --> 00:02:24,440 Michael Thompson: every week. 53 00:02:24,280 --> 00:02:24,680 Sean Aylmer: Isn't it? 54 00:02:24,720 --> 00:02:25,080 Adam Lang: Really? 55 00:02:25,280 --> 00:02:30,160 Michael Thompson: There is only but there is only one bigest story 56 00:02:30,320 --> 00:02:32,800 Michael Thompson: of the last twelve months, the biggest economic story, the 57 00:02:32,800 --> 00:02:37,320 Michael Thompson: biggest political story, the biggest market story, everything all rolled 58 00:02:37,440 --> 00:02:41,560 Michael Thompson: into one. It is and was and continues to be 59 00:02:41,760 --> 00:02:47,079 Michael Thompson: the Liberation Day tariffs announced by Donald Trump, which upended 60 00:02:47,240 --> 00:02:51,240 Michael Thompson: global trade and the world as we know it, from 61 00:02:51,280 --> 00:02:54,240 Michael Thompson: Australia's ten percent through to the forty nine percent on 62 00:02:54,320 --> 00:02:57,760 Michael Thompson: Cambodia and pretty much everyone falling in between. There somewhere 63 00:02:57,960 --> 00:03:00,239 Michael Thompson: the market reaction I just starts. 64 00:03:00,440 --> 00:03:04,640 Sean Aylmer: Just a question when it comes to Adam's canoes economic relevance, 65 00:03:04,680 --> 00:03:09,959 Sean Aylmer: and I mean melodrama for the Cambodia, how does that 66 00:03:10,040 --> 00:03:10,560 Sean Aylmer: affect us? 67 00:03:12,360 --> 00:03:16,079 Michael Thompson: I said the Globe Sean I said, it affects everyone. 68 00:03:16,120 --> 00:03:18,480 Michael Thompson: And Adam didn't specify that it was the economic impact 69 00:03:18,560 --> 00:03:21,160 Michael Thompson: on Australia. I mean he left it quite broad. It 70 00:03:21,240 --> 00:03:25,919 Michael Thompson: might be global economic impact. So unfortunately this one's on you, Adam, 71 00:03:25,919 --> 00:03:27,320 Michael Thompson: for not being specific enough. 72 00:03:28,600 --> 00:03:31,799 Sean Aylmer: Yeah, I tack Michael the taxa judge. 73 00:03:32,760 --> 00:03:37,400 Michael Thompson: It just passes it around anyway, ten percent, forty nine percent, 74 00:03:37,640 --> 00:03:40,880 Michael Thompson: everyone kind of falling in there. The market reaction was colossal. 75 00:03:41,040 --> 00:03:44,000 Michael Thompson: It was beyond massive, it was colossal. The S and 76 00:03:44,040 --> 00:03:46,200 Michael Thompson: P five hundred was down something like eight percent in 77 00:03:46,240 --> 00:03:48,520 Michael Thompson: a couple of days. The nasdack down even more. The 78 00:03:48,560 --> 00:03:51,400 Michael Thompson: ASX two hundred had its biggest one day fall since 79 00:03:51,440 --> 00:03:56,880 Michael Thompson: the pandemic. Then Donald Trump paused the reciprocal tariffs. Markets rebounded, 80 00:03:56,960 --> 00:03:59,400 Michael Thompson: but the trade war with China was on and both 81 00:03:59,440 --> 00:04:02,200 Michael Thompson: sides started piling up the tariffs while other countries kept 82 00:04:02,200 --> 00:04:05,480 Michael Thompson: working to negotiate with the US, and there was deals 83 00:04:05,560 --> 00:04:10,480 Michael Thompson: and just chaos, absolute trade chaos. The end result of 84 00:04:10,520 --> 00:04:13,920 Michael Thompson: all of this the entire world operating in a state 85 00:04:14,160 --> 00:04:18,520 Michael Thompson: of uncertainty. Gold soaring to record highs market volatility like 86 00:04:18,560 --> 00:04:21,280 Michael Thompson: you wouldn't believe, and the uncertainty is set to last 87 00:04:21,279 --> 00:04:24,479 Michael Thompson: another three and a half years. The biggest story, you know, 88 00:04:24,600 --> 00:04:27,000 Michael Thompson: I would actually go out on a limb here and say, 89 00:04:27,600 --> 00:04:35,000 Michael Thompson: probably the biggest story of the decade, potentially maybe even 90 00:04:35,560 --> 00:04:37,760 Michael Thompson: the century so far. I know we're only twenty five 91 00:04:37,839 --> 00:04:41,920 Michael Thompson: years in, but it's a front runner. Honestly, it's hard 92 00:04:41,960 --> 00:04:46,360 Michael Thompson: to top, unable to be topped. Sean Topless. 93 00:04:47,600 --> 00:04:52,039 Adam Lang: Yes, look, I think I'm an untop of ball. 94 00:04:52,320 --> 00:04:55,840 Sean Aylmer: Is that what it was? Yeah, look, it's hard to me. 95 00:04:55,920 --> 00:04:58,919 Sean Aylmer: It's hard to argue that Liberation Day tariffs is one 96 00:04:58,960 --> 00:05:01,440 Sean Aylmer: of the biggest stories of the year. But because so 97 00:05:01,640 --> 00:05:04,440 Sean Aylmer: much went on, I suppose just keep in mind, judge 98 00:05:04,480 --> 00:05:08,440 Sean Aylmer: that it was huge for a couple of weeks, but 99 00:05:08,600 --> 00:05:10,479 Sean Aylmer: then kind of the world goes back to normal with 100 00:05:10,480 --> 00:05:12,880 Sean Aylmer: Donald Trump. It's a funny old thing that with Donald Trump, 101 00:05:13,120 --> 00:05:19,560 Sean Aylmer: what actually really matters, right is politics. So we started 102 00:05:19,600 --> 00:05:21,960 Sean Aylmer: the financial year with labor in charge but being run 103 00:05:22,000 --> 00:05:24,839 Sean Aylmer: down quickly by Peter Dunton. I don't know if you 104 00:05:24,880 --> 00:05:30,240 Sean Aylmer: remember him, Demski Peter Dutton oposition. Yeah, so we're going 105 00:05:30,240 --> 00:05:33,920 Sean Aylmer: to have an election. It kept getting put off. Ultimately 106 00:05:34,080 --> 00:05:36,680 Sean Aylmer: it was held in early May. All the smart money 107 00:05:36,760 --> 00:05:39,040 Sean Aylmer: was on our minority government with Anthony Alberize as the 108 00:05:39,040 --> 00:05:43,720 Sean Aylmer: Prime minister. Then came the nuclear debate, Peter Dutton's let's say, 109 00:05:43,800 --> 00:05:48,479 Sean Aylmer: less favorable rating with female voters. Then he totally lost 110 00:05:48,520 --> 00:05:52,200 Sean Aylmer: the cost of living debates and the election. When it 111 00:05:52,200 --> 00:05:57,000 Sean Aylmer: was all done encountered, the new parliament has ninety four 112 00:05:57,240 --> 00:06:01,520 Sean Aylmer: ALP members, up from seventy seven, just forty three from 113 00:06:01,520 --> 00:06:06,280 Sean Aylmer: the coalition. They lost fifteen seats ten Independents up one, 114 00:06:06,960 --> 00:06:11,080 Sean Aylmer: Greens only have one down three. All of a sudden, 115 00:06:11,640 --> 00:06:16,560 Sean Aylmer: it's mistrail and easy. What do you want Australia is yours? 116 00:06:16,920 --> 00:06:19,360 Sean Aylmer: Not just the next three years, but the three years 117 00:06:19,400 --> 00:06:21,279 Sean Aylmer: after that, because when you are so far behind and 118 00:06:21,279 --> 00:06:23,320 Sean Aylmer: you're the coalition, you just can't make it up in 119 00:06:23,360 --> 00:06:25,719 Sean Aylmer: one election. Now, personally, I don't think it's good to 120 00:06:25,720 --> 00:06:28,200 Sean Aylmer: have a really dominant party. You want two responsible parties 121 00:06:28,240 --> 00:06:31,080 Sean Aylmer: battling for the good of Australia. But it's the biggest 122 00:06:31,240 --> 00:06:35,000 Sean Aylmer: story of the year because what we're talking about affects 123 00:06:35,080 --> 00:06:39,920 Sean Aylmer: all of us personally. Canceling hextet yep, we'll do that. 124 00:06:40,279 --> 00:06:45,160 Sean Aylmer: New apprenticeships and money for TAFE, higher taxing of superinnuation, 125 00:06:46,080 --> 00:06:50,560 Sean Aylmer: lower health costs, Medicare rebates, more aged care workers. How 126 00:06:50,600 --> 00:06:54,560 Sean Aylmer: about fiscal policy? Who runs the government is absolutely all 127 00:06:54,600 --> 00:07:00,400 Sean Aylmer: important in a democracy, and whilst Liberation Day tariffs were 128 00:07:00,440 --> 00:07:06,800 Sean Aylmer: incredibly significant actual economic lasting impact on us, it's all 129 00:07:06,800 --> 00:07:10,360 Sean Aylmer: about who runs government. Adamski, over to you. 130 00:07:11,120 --> 00:07:13,520 Adam Lang: Both very big stories for the financial year. 131 00:07:15,960 --> 00:07:19,560 Adam Lang: I think Sean the election one is such an interesting 132 00:07:19,560 --> 00:07:22,200 Adam Lang: story of a government that's won by a big majority 133 00:07:22,240 --> 00:07:27,840 Adam Lang: and hit the ground reviewing again, you haven't seen real 134 00:07:28,080 --> 00:07:30,320 Adam Lang: action yet. 135 00:07:31,840 --> 00:07:34,680 Sean Aylmer: What about what about the HECS debt? What about the 136 00:07:34,680 --> 00:07:35,440 Sean Aylmer: aged care work? 137 00:07:36,080 --> 00:07:39,600 Adam Lang: This is this is true superannuation. 138 00:07:40,920 --> 00:07:42,640 Michael Thompson: War, trade wars. 139 00:07:43,960 --> 00:07:46,040 Sean Aylmer: Michael, you're going to win. He started with me and 140 00:07:46,240 --> 00:07:48,200 Sean Aylmer: now you're going to win. You're already gloating. 141 00:07:48,760 --> 00:07:51,040 Speaker 4: Yeah, I'm going to have to change my routine on it. 142 00:07:51,120 --> 00:07:54,080 Speaker 4: But Michael, also the element within your story of Liberation 143 00:07:54,200 --> 00:07:58,840 Speaker 4: Day tariffs, the Tarco acronym or initialism, I should say, 144 00:07:59,160 --> 00:08:02,720 Speaker 4: Trump always chickens out. And what we've seen, to Shorn's point, 145 00:08:02,880 --> 00:08:06,040 Speaker 4: was theingse get de stabilized, they go back. The uncertainty 146 00:08:06,480 --> 00:08:09,520 Speaker 4: has just been so derailing on an international business level, 147 00:08:09,520 --> 00:08:12,560 Speaker 4: including Australia. So I think that actually pips it for 148 00:08:12,640 --> 00:08:14,560 Speaker 4: biggest story of the financial year. 149 00:08:15,160 --> 00:08:17,400 Sean Aylmer: Okay, poor decision, poor decision. 150 00:08:17,440 --> 00:08:19,560 Adam Lang: Move on. I love that. 151 00:08:19,600 --> 00:08:22,040 Michael Thompson: I love the I love the good grace we are 152 00:08:22,080 --> 00:08:25,680 Michael Thompson: bringing in the new year with sportsmanship of plenty. This 153 00:08:25,800 --> 00:08:26,239 Michael Thompson: is nice. 154 00:08:26,640 --> 00:08:28,960 Sean Aylmer: It's a travesty really that it's the end of the 155 00:08:29,000 --> 00:08:32,160 Sean Aylmer: year show. Yet you're up because that just hasn't happened 156 00:08:32,160 --> 00:08:32,560 Sean Aylmer: all year. 157 00:08:33,240 --> 00:08:33,360 Michael Thompson: Now. 158 00:08:33,480 --> 00:08:35,440 Sean Aylmer: This is good. It is as good as your last 159 00:08:35,440 --> 00:08:36,160 Sean Aylmer: game type thing. 160 00:08:36,360 --> 00:08:38,199 Michael Thompson: Yeah, and so that's why I want to leave the 161 00:08:38,720 --> 00:08:41,320 Michael Thompson: year and I want to know that FY twenty five 162 00:08:41,600 --> 00:08:47,280 Michael Thompson: Michael Thompson Ultimate Champion, Okay, sean most remarkable. 163 00:08:47,559 --> 00:08:49,959 Sean Aylmer: I'm going to tell you why Michael Michael's story about 164 00:08:50,000 --> 00:08:54,800 Sean Aylmer: the Trump tarffs meant nada by telling you about my 165 00:08:54,880 --> 00:08:59,840 Sean Aylmer: most remarkable story. Markets, markets, Markets. Those Liberation Day traffs 166 00:09:00,080 --> 00:09:03,440 Sean Aylmer: were so bad, so damaging to the economy that the 167 00:09:03,520 --> 00:09:05,440 Sean Aylmer: S and PA six two hundred hit an all time 168 00:09:05,480 --> 00:09:09,720 Sean Aylmer: record high in GYM eight six hundred and thirty nine points. Wow, 169 00:09:10,080 --> 00:09:12,880 Sean Aylmer: weren't those tariffs are disaster? How about Commonwealth ban relevant 170 00:09:13,640 --> 00:09:16,680 Sean Aylmer: Commonwealth Bank three hundred and five billion dollars same size 171 00:09:16,679 --> 00:09:20,080 Sean Aylmer: as the other three combined almost how about Telstra one 172 00:09:20,120 --> 00:09:23,920 Sean Aylmer: point one million shareholders along with Commewealth Bank the best 173 00:09:23,960 --> 00:09:27,680 Sean Aylmer: performing megacap. How about BHP Fort Skew Medals and Rio 174 00:09:27,760 --> 00:09:33,199 Sean Aylmer: dinto ouch Rio for BHP down fifteen percent, Ford to 175 00:09:33,240 --> 00:09:37,000 Sean Aylmer: Skew down thirty percent. Wall Streets trading near record highs. 176 00:09:37,200 --> 00:09:39,760 Sean Aylmer: Didn't those Liberation Day tariffs make a difference? 177 00:09:40,120 --> 00:09:40,360 Michael Thompson: Yeah? 178 00:09:40,440 --> 00:09:44,400 Sean Aylmer: Yeah, sure, Wall Street record hYP Bitcoin I mean, good 179 00:09:44,400 --> 00:09:46,840 Sean Aylmer: Lord still at one hundred and one thousand US dollars 180 00:09:46,880 --> 00:09:49,319 Sean Aylmer: a unit explained that one in a risky world that 181 00:09:49,320 --> 00:09:52,800 Sean Aylmer: that Liberation Day tariffs made a difference to hm, hm hmmm. 182 00:09:53,040 --> 00:09:56,400 Sean Aylmer: Oil paraffs, no idea, oil prices, all parifs, don't even 183 00:09:56,400 --> 00:09:59,440 Sean Aylmer: know what they are. Oil prices, no idea, what's going 184 00:09:59,480 --> 00:10:01,280 Sean Aylmer: to happen there? The last year they've been close to 185 00:10:01,360 --> 00:10:04,600 Sean Aylmer: ninety US dollars a barrel, they've been below sixty US 186 00:10:04,640 --> 00:10:07,559 Sean Aylmer: dollars a barrel. I mean, how's the person to know 187 00:10:08,160 --> 00:10:12,240 Sean Aylmer: when to fill up the car? Honestly, no idea, no idea, 188 00:10:12,320 --> 00:10:16,320 Sean Aylmer: and gold gold gold gold, Norman May wouldn't know what 189 00:10:16,360 --> 00:10:20,280 Sean Aylmer: to make of it. Please you understood that reference. All 190 00:10:20,440 --> 00:10:24,640 Sean Aylmer: year it's gone up and up, urn, up and up 191 00:10:25,160 --> 00:10:27,600 Sean Aylmer: and up, and just keeps going with a dot on 192 00:10:27,640 --> 00:10:32,200 Sean Aylmer: the top of the ut, up into infinity, peaking recently 193 00:10:32,240 --> 00:10:37,000 Sean Aylmer: around three thousand, four hundred and forty US dollars an 194 00:10:37,080 --> 00:10:41,600 Sean Aylmer: ounce flipside cole lithium dud years. Then there's the Assie dollar, 195 00:10:41,880 --> 00:10:43,600 Sean Aylmer: the Aussie dollar and I used to be good friends. 196 00:10:44,320 --> 00:10:47,280 Sean Aylmer: No more. Over the past twelve months it's gone from 197 00:10:47,280 --> 00:10:50,600 Sean Aylmer: about sixty seven cents sixty four US. In fact, what's 198 00:10:50,640 --> 00:10:54,560 Sean Aylmer: about sixty nine YUS. It's actually been relatively narrow trading 199 00:10:54,640 --> 00:10:57,560 Sean Aylmer: range over the last twelve months or so about sixty 200 00:10:57,600 --> 00:11:00,800 Sean Aylmer: eight to what's probably sixty four to sixty seven if 201 00:11:00,840 --> 00:11:04,440 Sean Aylmer: you look at the graph. So I'm not friends because 202 00:11:04,440 --> 00:11:05,840 Sean Aylmer: I wanted to be at eighty five because I like 203 00:11:05,880 --> 00:11:09,080 Sean Aylmer: to travel anyway. Point of the story, is there one 204 00:11:09,240 --> 00:11:14,440 Sean Aylmer: quite a remarkable year in markets, given that the biggest 205 00:11:14,480 --> 00:11:15,959 Sean Aylmer: story of the year, according to you, Adam, was the 206 00:11:16,000 --> 00:11:18,439 Sean Aylmer: Liberation Day tariffs, which was based to put you know, 207 00:11:19,200 --> 00:11:23,120 Sean Aylmer: put the global economy in. Is it a helen and handbasin? 208 00:11:23,240 --> 00:11:24,280 Sean Aylmer: Helen and handbasket? 209 00:11:24,760 --> 00:11:27,120 Adam Lang: Some going to hell in a handbasket? 210 00:11:27,320 --> 00:11:29,840 Sean Aylmer: Yeah, so it was going to helen a handbasket. But 211 00:11:30,440 --> 00:11:36,720 Sean Aylmer: based on your judgment in the first round, markets record 212 00:11:37,040 --> 00:11:41,360 Sean Aylmer: year quite phenomenal. Wow, didn't those tariffs make a difference 213 00:11:41,400 --> 00:11:42,200 Sean Aylmer: over to you? Michael? 214 00:11:43,200 --> 00:11:45,240 Michael Thompson: You need to lay off the judge. It feels very 215 00:11:45,280 --> 00:11:48,360 Michael Thompson: personal when you're attacking the judge and you know what, 216 00:11:48,880 --> 00:11:51,000 Michael Thompson: I'm not going to stand for it. I think the 217 00:11:51,080 --> 00:11:55,280 Michael Thompson: judge deserves more respect. Really, it'll all come down to 218 00:11:55,320 --> 00:11:57,320 Michael Thompson: what he makes of this one. Because there is one 219 00:11:57,320 --> 00:12:01,920 Michael Thompson: truly remarkable story from this last year. Markets are very 220 00:12:02,440 --> 00:12:09,679 Michael Thompson: that is a genuinely good story. But in terms of remarkability, remarkableness, 221 00:12:10,000 --> 00:12:15,480 Michael Thompson: sheer ability to be remarkable. There is only one person 222 00:12:15,720 --> 00:12:21,920 Michael Thompson: capable of delivering that for us, and that is Elon Musk. 223 00:12:23,440 --> 00:12:27,400 Michael Thompson: And the role of the world's richest person in cutting 224 00:12:27,440 --> 00:12:31,680 Michael Thompson: government spending for the world's most powerful person, Donald Trump. 225 00:12:32,080 --> 00:12:34,960 Michael Thompson: Obviously Elon Musk. We all know the background to this. 226 00:12:37,280 --> 00:12:42,920 Michael Thompson: There is no double up check, check your privilege. It 227 00:12:43,000 --> 00:12:45,559 Michael Thompson: took on. It took on a job as the head 228 00:12:45,640 --> 00:12:49,240 Michael Thompson: of DOGE, the Department of Government Efficiency, promising to save 229 00:12:49,360 --> 00:12:52,320 Michael Thompson: US taxpayers what was it two trillion dollars or something thereabout. 230 00:12:52,360 --> 00:12:54,600 Michael Thompson: So this is a ridiculous amount that he was going 231 00:12:54,679 --> 00:12:57,640 Michael Thompson: to cut. It's just going to save money everywhere. And 232 00:12:57,679 --> 00:13:02,280 Michael Thompson: he became the president's right hand Now, now this was extraordinary, 233 00:13:02,360 --> 00:13:04,360 Michael Thompson: the fact that this was going on. He was in 234 00:13:04,559 --> 00:13:07,720 Michael Thompson: Oval office press conferences with his kids climbing all over 235 00:13:07,800 --> 00:13:12,560 Michael Thompson: him and giving the president some lip. He was in 236 00:13:12,679 --> 00:13:16,960 Michael Thompson: cabinet meetings. They even did tesla sales stunts, remember in 237 00:13:17,000 --> 00:13:19,320 Michael Thompson: front of the White House. Like this has just been 238 00:13:19,440 --> 00:13:26,480 Michael Thompson: a remarkable and bizarre few months. Unprecedented access to the 239 00:13:26,480 --> 00:13:33,440 Michael Thompson: White House, unprecedented access to government departments. We knew that 240 00:13:33,559 --> 00:13:36,720 Michael Thompson: it couldn't last, right, and he was there cutting things 241 00:13:36,800 --> 00:13:40,080 Michael Thompson: and trying to shut down departments and asking remember when 242 00:13:40,280 --> 00:13:43,800 Michael Thompson: that email went out asking everyone to explain what exactly 243 00:13:43,840 --> 00:13:46,719 Michael Thompson: they were doing, name three things that you have done 244 00:13:46,760 --> 00:13:48,320 Michael Thompson: in the last week and what you're going to be 245 00:13:48,360 --> 00:13:50,400 Michael Thompson: doing next week, and send that on through. And then 246 00:13:50,440 --> 00:13:52,640 Michael Thompson: all the government department heads said, actually, no, you don't 247 00:13:52,679 --> 00:13:55,240 Michael Thompson: need to send that. And it was just chaos, absolute disaster, 248 00:13:55,800 --> 00:13:59,920 Michael Thompson: absolute mess. We knew it couldn't last. You don't get 249 00:14:00,200 --> 00:14:03,160 Michael Thompson: Elon Musk and Donald Trump in a room and expect 250 00:14:03,160 --> 00:14:05,320 Michael Thompson: that it's going to work, right it. It was one 251 00:14:05,360 --> 00:14:07,520 Michael Thompson: of those relationships that you knew was doomed from the start. 252 00:14:07,600 --> 00:14:10,760 Michael Thompson: Less than five months and it all blew up. Musk 253 00:14:10,920 --> 00:14:14,319 Michael Thompson: was out of there hammering Donald Trump's Big Beautiful Bill 254 00:14:14,720 --> 00:14:16,840 Michael Thompson: as being reckless and dangerous for the economy. As far 255 00:14:16,880 --> 00:14:19,680 Michael Thompson: as breakups go, that was one of the more spectacular breakups, 256 00:14:19,720 --> 00:14:23,880 Michael Thompson: I think because it wasn't it wasn't very friendly on 257 00:14:23,920 --> 00:14:24,480 Michael Thompson: the way out. 258 00:14:24,640 --> 00:14:27,240 Sean Aylmer: Oh, I thought. I thought the releasing of the video 259 00:14:28,040 --> 00:14:32,760 Sean Aylmer: with Donald Trump with Jeffrey Epstein was kind of a 260 00:14:32,840 --> 00:14:34,160 Sean Aylmer: nice touch from Elon. 261 00:14:34,000 --> 00:14:36,760 Michael Thompson: Musk when he said, yeah, the reason why, the reason 262 00:14:36,800 --> 00:14:40,200 Michael Thompson: why you haven't seen any of the Epstein files, because yes, 263 00:14:40,320 --> 00:14:42,600 Michael Thompson: and he had later apologized for that, didn't He said 264 00:14:42,640 --> 00:14:44,800 Michael Thompson: that I'm sorry I've gone too far with that one. 265 00:14:45,000 --> 00:14:47,320 Michael Thompson: So I mean there was a bit of remorse, reckless, 266 00:14:47,640 --> 00:14:50,320 Michael Thompson: dangerous for the US economy. It was for a while 267 00:14:50,480 --> 00:14:53,000 Michael Thompson: all consuming, It was all we could talk about, all 268 00:14:53,040 --> 00:14:56,680 Michael Thompson: we could watch, remarkable, until all of a sudden it 269 00:14:56,760 --> 00:14:59,200 Michael Thompson: was no more. It was still, though, the most remarkable, 270 00:14:59,240 --> 00:15:02,160 Michael Thompson: and it's going to be talk about for generations. It 271 00:15:02,240 --> 00:15:08,200 Michael Thompson: is a generational thing that we have remarkable, like an eclipse, 272 00:15:08,600 --> 00:15:12,600 Michael Thompson: like a shooting star that briefly dazzles in the night 273 00:15:12,800 --> 00:15:17,160 Michael Thompson: and then it has gone. That is what we've witnessed. Remarkable. 274 00:15:17,560 --> 00:15:23,560 Speaker 4: The musk commet. Yes, so market's hitting record high. We've 275 00:15:23,560 --> 00:15:24,440 Speaker 4: had it happened before. 276 00:15:25,080 --> 00:15:26,560 Sean Aylmer: Really, that's what markets do. 277 00:15:27,280 --> 00:15:29,200 Adam Lang: Hm quite true. 278 00:15:30,520 --> 00:15:35,360 Speaker 4: The Doge story is like a kind of bromance gone 279 00:15:35,400 --> 00:15:40,000 Speaker 4: wrong in very public display. But really, do you get 280 00:15:40,000 --> 00:15:44,040 Speaker 4: it so supercharged with that much money and power behind it? 281 00:15:44,160 --> 00:15:47,200 Speaker 4: So all very interesting, but in the end it imploded 282 00:15:47,280 --> 00:15:49,880 Speaker 4: as we expected it would. And I think the fact 283 00:15:49,960 --> 00:15:54,080 Speaker 4: that the market's the asex here even amongst this chaos, 284 00:15:54,680 --> 00:15:57,320 Speaker 4: that the economic impact on Australia was we kept growing. 285 00:15:57,680 --> 00:16:00,480 Speaker 4: I think that actually is the more remarkable thing for 286 00:16:00,520 --> 00:16:01,320 Speaker 4: the financial year. 287 00:16:01,400 --> 00:16:04,240 Sean Aylmer: So we'll play thank you think you can. I put 288 00:16:04,240 --> 00:16:05,880 Sean Aylmer: out an inconsistency in the judging. 289 00:16:07,680 --> 00:16:09,360 Adam Lang: I'd be disappointed if you didn't. 290 00:16:09,520 --> 00:16:11,120 Sean Aylmer: I think it's I think it's fairly clear. 291 00:16:12,120 --> 00:16:16,520 Speaker 4: Craving feedback. What can I do better? Sean, Ah, that. 292 00:16:16,600 --> 00:16:20,280 Michael Thompson: Was something else altogether and well done, Adam. Varying the 293 00:16:20,320 --> 00:16:23,560 Michael Thompson: way that you were announcing you, I thought, I thought 294 00:16:23,560 --> 00:16:27,480 Michael Thompson: for a second I had secured ched it a stunning victory, 295 00:16:27,560 --> 00:16:29,160 Michael Thompson: and I thought, this is a win for the people, 296 00:16:29,480 --> 00:16:32,960 Michael Thompson: and then no, you delivered a win for the big 297 00:16:33,040 --> 00:16:36,920 Michael Thompson: end of town represented Sean. Money bags, Alma. 298 00:16:37,200 --> 00:16:39,440 Sean Aylmer: That's the other thing we found out this year is 299 00:16:39,440 --> 00:16:43,240 Sean Aylmer: who the people love. We found out on our live 300 00:16:43,320 --> 00:16:46,440 Sean Aylmer: show when the people got to vote. And all I'm 301 00:16:46,560 --> 00:16:51,600 Sean Aylmer: going to say m Thompson did not win. That's all 302 00:16:51,640 --> 00:16:52,040 Sean Aylmer: I'm saying. 303 00:16:52,920 --> 00:16:54,400 Adam Lang: Okay, something to cherish for us. 304 00:16:54,400 --> 00:16:58,360 Michael Thompson: All there, Okay, one, all one, All that's very close 305 00:16:58,720 --> 00:17:01,760 Michael Thompson: financial year. Yes, okay, we'll take a quick break and 306 00:17:01,800 --> 00:17:05,160 Michael Thompson: come back with all a very very exciting mystery category 307 00:17:05,640 --> 00:17:08,000 Michael Thompson: to finish off the financial year. Back in a moment, 308 00:17:15,960 --> 00:17:19,359 Michael Thompson: all right, Sean, We've had so far the biggest story 309 00:17:19,400 --> 00:17:21,520 Michael Thompson: of the financial year. We've had the most remarkable story 310 00:17:21,520 --> 00:17:24,920 Michael Thompson: of the financial year. Now our mystery category. Now, remember 311 00:17:25,160 --> 00:17:30,359 Michael Thompson: some time ago we replaced the sleeper story category with 312 00:17:30,440 --> 00:17:32,480 Michael Thompson: the mystery category because we wanted to keep Adham on 313 00:17:32,480 --> 00:17:34,800 Michael Thompson: his toes, and we wanted to keep you guessing, Adam, 314 00:17:34,840 --> 00:17:35,920 Michael Thompson: as to what we were going to be doing. 315 00:17:36,000 --> 00:17:38,199 Sean Aylmer: Yeah, we replaced because you didn't like it. You said, oh, 316 00:17:38,200 --> 00:17:39,800 Sean Aylmer: it's really hard to find a sleeper story. Let's do 317 00:17:39,840 --> 00:17:40,479 Sean Aylmer: something different. 318 00:17:40,800 --> 00:17:43,520 Michael Thompson: It was because I kept losing, exactly, and I'm a 319 00:17:43,560 --> 00:17:48,480 Michael Thompson: good sport like that. So this week, Adam, for the 320 00:17:48,520 --> 00:17:53,359 Michael Thompson: end of financial year, it is the sleeper story of 321 00:17:53,400 --> 00:17:58,960 Michael Thompson: the week. We have resurrected it. It's back. It is 322 00:17:59,000 --> 00:18:03,080 Michael Thompson: a reverse what i'd call it, the sleeper story for 323 00:18:03,280 --> 00:18:04,359 Michael Thompson: f y twenty five. 324 00:18:04,920 --> 00:18:08,840 Sean Aylmer: All right, you're right, go first. Yeah, you're sleeper story 325 00:18:08,920 --> 00:18:09,440 Sean Aylmer: for the year. 326 00:18:09,720 --> 00:18:12,000 Adam Lang: It's been to sleep for a long time. 327 00:18:12,200 --> 00:18:15,600 Sean Aylmer: You forgar with me. We haven't heard anything about them much. Yes, 328 00:18:16,080 --> 00:18:19,640 Sean Aylmer: go on, Michael, I. 329 00:18:19,560 --> 00:18:22,960 Michael Thompson: Think I warned you about your privilege before, Sean. It 330 00:18:23,080 --> 00:18:26,760 Michael Thompson: is running unchecked at the moment. Look, Adam, bear with me. 331 00:18:26,880 --> 00:18:32,399 Michael Thompson: Sleeper story, go on, stop it Ai, right, Adam, don't 332 00:18:32,520 --> 00:18:35,000 Michael Thompson: don't do that face. You're doing that face of like, 333 00:18:35,040 --> 00:18:37,560 Michael Thompson: what how is this? How is this possibly sleep? Sorry? Well, 334 00:18:37,640 --> 00:18:40,480 Michael Thompson: just you wait, just you wait, young men. Chat gpt 335 00:18:40,800 --> 00:18:46,240 Michael Thompson: released November twenty twenty two. All Right, an initial rush 336 00:18:46,320 --> 00:18:51,280 Michael Thompson: of enthusiasm, goodness me everywhere, so much excitement and predictions 337 00:18:51,320 --> 00:18:53,280 Michael Thompson: of all kinds of things, and everyone kind of playing 338 00:18:53,320 --> 00:18:56,800 Michael Thompson: with it and doing all this. The novelty has worn off. 339 00:18:57,400 --> 00:18:59,199 Sean Aylmer: Right, We're no longer playing with it. 340 00:19:00,640 --> 00:19:04,920 Michael Thompson: The novelty has worn off. It is now just part 341 00:19:04,960 --> 00:19:10,640 Michael Thompson: of life. Okay, we understand that chat gpt ai. It's 342 00:19:10,720 --> 00:19:12,760 Michael Thompson: part of life. People use it for work, they use 343 00:19:12,800 --> 00:19:14,960 Michael Thompson: it to write emails, they use it for I'm sure 344 00:19:15,080 --> 00:19:17,320 Michael Thompson: school assignments and all of that. And I think we've 345 00:19:17,359 --> 00:19:19,520 Michael Thompson: just gotten it. We've gotten used to it being there. 346 00:19:19,560 --> 00:19:22,000 Michael Thompson: But when you google something, you get this aiery at 347 00:19:22,000 --> 00:19:24,359 Michael Thompson: the top. Yeah, everyone's it's there. It's just it's just 348 00:19:24,400 --> 00:19:27,000 Michael Thompson: it's just part of life. But this is why this 349 00:19:27,080 --> 00:19:29,040 Michael Thompson: is a sleeper story, because people just think that it's 350 00:19:29,000 --> 00:19:31,480 Michael Thompson: says Okay, it's just Ai just humming along in the background, 351 00:19:31,520 --> 00:19:34,200 Michael Thompson: and yeah it is chat GBT. I'll summarize this, reporter, 352 00:19:34,320 --> 00:19:35,760 Michael Thompson: or I'll do this or whatever, and it's going to 353 00:19:35,800 --> 00:19:37,560 Michael Thompson: help me with my Google search and blah blah blah 354 00:19:37,560 --> 00:19:42,159 Michael Thompson: blah blah blah blah blah blah. But but but AI 355 00:19:42,800 --> 00:19:47,760 Michael Thompson: still has the potential, right and the likelihood that it 356 00:19:47,800 --> 00:19:53,159 Michael Thompson: will entirely transform the workplace. Further that the transformation we 357 00:19:53,240 --> 00:19:57,040 Michael Thompson: have seen to date is but the tip of the 358 00:19:57,080 --> 00:20:02,480 Michael Thompson: AI iceberg. Right, We've had chat gpt for two and 359 00:20:02,480 --> 00:20:05,480 Michael Thompson: a half years. In two and a half years time, 360 00:20:06,119 --> 00:20:10,560 Michael Thompson: life as we know it will be unrecognizable because of 361 00:20:10,680 --> 00:20:16,879 Michael Thompson: the continuing evolution of AI. We've got Microsoft predicting everything 362 00:20:16,920 --> 00:20:20,040 Michael Thompson: about the rise of the AI agent. Digital colleagues essentially 363 00:20:20,040 --> 00:20:24,959 Michael Thompson: treated like workers. It'll upend the structure of every single 364 00:20:25,000 --> 00:20:28,359 Michael Thompson: workplace in the world. Forget minor efficiency improvements, which is 365 00:20:28,400 --> 00:20:31,280 Michael Thompson: what we've seen to date. We've had companies from Telstra 366 00:20:31,440 --> 00:20:34,960 Michael Thompson: to Amazon predicting that there are going to be potentially 367 00:20:35,000 --> 00:20:37,640 Michael Thompson: significant job losses. And don't forget there are other companies 368 00:20:37,680 --> 00:20:40,480 Michael Thompson: working on this as well, not just chat GPT, not 369 00:20:40,520 --> 00:20:42,160 Michael Thompson: just open ai and Meta and the rest of them. 370 00:20:42,320 --> 00:20:45,320 Michael Thompson: Think deep Seak, the Chinese AI company that launched its 371 00:20:45,320 --> 00:20:48,480 Michael Thompson: app that uses substantially less power apparently than others. That 372 00:20:48,520 --> 00:20:51,639 Michael Thompson: happened in January this year. There is so much more 373 00:20:52,160 --> 00:20:56,280 Michael Thompson: to come, and we forget this, We forget how quickly 374 00:20:56,640 --> 00:21:00,359 Michael Thompson: this is moving, that there is an AI arms race underway. 375 00:21:00,359 --> 00:21:02,640 Michael Thompson: At the moment, we've become so used to it just 376 00:21:02,720 --> 00:21:05,880 Michael Thompson: adding these little kind of ten percent improvements to efficiency 377 00:21:06,240 --> 00:21:11,600 Michael Thompson: that we have not realized how massive the change is 378 00:21:11,680 --> 00:21:13,440 Michael Thompson: that is coming. We've seen so much in two and 379 00:21:13,480 --> 00:21:17,440 Michael Thompson: a half years, it is almost impossible to imagine where 380 00:21:17,520 --> 00:21:18,960 Michael Thompson: we are going to end up in another two and 381 00:21:19,000 --> 00:21:25,119 Michael Thompson: a half. That is why, bizarrely this is the sleeper 382 00:21:25,440 --> 00:21:29,240 Michael Thompson: story of the year, that AI is in fact a sleeper. 383 00:21:29,800 --> 00:21:36,000 Michael Thompson: How about that? Suck on that, Alma. 384 00:21:36,480 --> 00:21:38,720 Sean Aylmer: I just don't know where to go. I don't like, 385 00:21:38,840 --> 00:21:42,879 Sean Aylmer: I have no comment on Michael's story whatsoever. Yeah, AI 386 00:21:42,960 --> 00:21:44,840 Sean Aylmer: being the sleeper story of the last twelve month, Good 387 00:21:44,880 --> 00:21:48,000 Sean Aylmer: luck Sean, thank you my sleeper. I mean, I actually 388 00:21:48,040 --> 00:21:54,399 Sean Aylmer: don't know what AI is an incredible story, absolutely incredible story. 389 00:21:54,560 --> 00:21:57,080 Sean Aylmer: You just do wonder about the categorization there to day. 390 00:21:57,200 --> 00:22:01,639 Sean Aylmer: Sometimes the sleep story the last twelve months, to be honest, 391 00:22:02,359 --> 00:22:05,639 Sean Aylmer: is actually the environment and the energy transition. What happened 392 00:22:05,640 --> 00:22:11,560 Sean Aylmer: to it is environmental degradation still happening. Do you know Adam. 393 00:22:12,160 --> 00:22:15,240 Sean Aylmer: Yes it is, Sean, Yes, Yes, that's it. While the 394 00:22:15,280 --> 00:22:17,800 Sean Aylmer: world's attension has been on ge our politics and elections 395 00:22:17,800 --> 00:22:20,359 Sean Aylmer: and all that, some really bad stuff's been going on 396 00:22:20,400 --> 00:22:23,880 Sean Aylmer: in the environment. Last year was the hottest on record. 397 00:22:24,320 --> 00:22:27,480 Sean Aylmer: Sea levels are still rising, glaciers are still melting, ice 398 00:22:27,480 --> 00:22:31,000 Sean Aylmer: sheets are still shifting. We're getting more frequent and intense 399 00:22:31,040 --> 00:22:33,919 Sean Aylmer: heat waves and floods. We heard from the Department of 400 00:22:33,920 --> 00:22:37,320 Sean Aylmer: Climate Change, Energy, the Environment and Water only in the 401 00:22:37,400 --> 00:22:40,560 Sean Aylmer: last few weeks. Australia has warmed on average by one 402 00:22:40,560 --> 00:22:42,159 Sean Aylmer: and a half degree celsius at one point five to 403 00:22:42,160 --> 00:22:45,680 Sean Aylmer: one degrees celsius since national records began back in nineteen ten. 404 00:22:46,480 --> 00:22:51,400 Sean Aylmer: It's gotten faster over recent years. Extreme heat events are increasing, 405 00:22:51,480 --> 00:22:55,560 Sean Aylmer: drier conditions in the southwest and southeast of Australia, Sea 406 00:22:55,600 --> 00:22:57,800 Sean Aylmer: service temperatures rising, et cetera. 407 00:22:58,320 --> 00:22:59,920 Michael Thompson: Sean, you're coming across as a bit of a bad 408 00:23:00,119 --> 00:23:03,680 Michael Thompson: news Barry right now, come on, where's the positivity here? 409 00:23:03,680 --> 00:23:04,679 Michael Thompson: Where's the optimism? 410 00:23:05,440 --> 00:23:09,960 Sean Aylmer: Ignore him totally. So the sleeper part of this is 411 00:23:09,960 --> 00:23:12,359 Sean Aylmer: that we've sort of just relaxed on the environment. I mean, 412 00:23:12,400 --> 00:23:15,600 Sean Aylmer: the federal government's relax their attitude on gas. Think about 413 00:23:15,760 --> 00:23:19,320 Sean Aylmer: the Browse based in Northwest shelf projects. The government's becoming 414 00:23:19,359 --> 00:23:22,280 Sean Aylmer: more pragmatic, and I'm not being critical or otherwise of 415 00:23:22,280 --> 00:23:24,720 Sean Aylmer: them that I mean, if they don't if we don't 416 00:23:24,800 --> 00:23:26,840 Sean Aylmer: use gas, we have blackouts. In fact, we've already had some, 417 00:23:26,880 --> 00:23:31,320 Sean Aylmer: so an issue. Renewables are improving as our batteries, but 418 00:23:31,400 --> 00:23:35,240 Sean Aylmer: they can't replace fossil fuels. Yet. It just seems that 419 00:23:35,280 --> 00:23:38,480 Sean Aylmer: we've taken the eye off what's happening in the environment. 420 00:23:39,200 --> 00:23:43,800 Sean Aylmer: And that's why I think AI and environment are probably 421 00:23:43,880 --> 00:23:47,960 Sean Aylmer: equivalent stories. They are globally changing, and maybe AI is 422 00:23:47,960 --> 00:23:50,480 Sean Aylmer: bigger in Michael's view, maybe environment's bigger in my view, 423 00:23:50,520 --> 00:23:54,720 Sean Aylmer: So they are both. The difference in this instance is 424 00:23:54,720 --> 00:23:57,560 Sean Aylmer: that mi's actually sleeper story because we haven't been talking 425 00:23:57,560 --> 00:24:00,320 Sean Aylmer: about it for the last twelve months and it is 426 00:24:00,359 --> 00:24:02,320 Sean Aylmer: still as big an issue as it ever has been. 427 00:24:03,280 --> 00:24:06,720 Sean Aylmer: So Adam, throw those into mixed master and see what 428 00:24:06,720 --> 00:24:07,160 Sean Aylmer: happens to. 429 00:24:08,800 --> 00:24:11,080 Speaker 4: Yes, we have been talking about environment for a very 430 00:24:11,080 --> 00:24:16,000 Speaker 4: long time and it's gone nowhere. In fact, as you say, Sean, 431 00:24:16,040 --> 00:24:19,879 Speaker 4: it's become worse. It's become a secondary issue through a 432 00:24:19,880 --> 00:24:22,880 Speaker 4: lot of distraction, and I'm sure that that is warranted distraction. 433 00:24:22,960 --> 00:24:24,240 Adam Lang: You know, there's people that wore. 434 00:24:24,080 --> 00:24:27,080 Speaker 4: Around the world and AI could well be one of 435 00:24:27,080 --> 00:24:30,360 Speaker 4: the distractions, and it needs more energy and we want 436 00:24:30,359 --> 00:24:32,960 Speaker 4: our standards of living to go up. So I think 437 00:24:33,000 --> 00:24:37,639 Speaker 4: in this instance easy win to the environment for Sleeper 438 00:24:37,680 --> 00:24:41,600 Speaker 4: story because it just has not had the discourse that 439 00:24:41,640 --> 00:24:44,320 Speaker 4: it needs. And we are going backwards. And you know, 440 00:24:45,119 --> 00:24:47,760 Speaker 4: as you Sean, particularly you and I are more mature 441 00:24:47,840 --> 00:24:50,680 Speaker 4: in our years, the trifle what we are handing over 442 00:24:50,760 --> 00:24:54,520 Speaker 4: to our children the next generation is potentially disastrous and 443 00:24:54,600 --> 00:25:00,479 Speaker 4: must be changed without being too summonizing the boomers. 444 00:25:02,400 --> 00:25:03,159 Adam Lang: Nice whack. 445 00:25:03,640 --> 00:25:08,080 Speaker 4: Neither of us, as we keep saying, Michael, are boomers anyway. 446 00:25:08,280 --> 00:25:10,639 Sean Aylmer: You reckon that's the greatest insult to people like Adam 447 00:25:10,680 --> 00:25:10,879 Sean Aylmer: and I. 448 00:25:11,080 --> 00:25:12,480 Adam Lang: It's a great whack. 449 00:25:13,920 --> 00:25:17,560 Michael Thompson: Considering there's not that much difference between us, like I mean, 450 00:25:17,920 --> 00:25:20,200 Michael Thompson: to look at us, you would say there's decades, but 451 00:25:20,320 --> 00:25:22,120 Michael Thompson: really it's actually not that far. 452 00:25:24,240 --> 00:25:31,080 Speaker 4: Good good work, So on chat GPT just no way 453 00:25:31,520 --> 00:25:35,680 Speaker 4: is it a Sleepers story. It's an incredibly significant story, 454 00:25:36,240 --> 00:25:38,320 Speaker 4: but we have been talking so much about it, and 455 00:25:38,359 --> 00:25:40,840 Speaker 4: I think the impact of it is only just begun. 456 00:25:41,200 --> 00:25:43,320 Speaker 4: So I do agree with you on that point. But Michael, 457 00:25:43,320 --> 00:25:44,720 Speaker 4: I think environment has to win this one. 458 00:25:44,800 --> 00:25:46,400 Michael Thompson: Yeah, but you said easily win. 459 00:25:46,880 --> 00:25:49,920 Sean Aylmer: Yeah, that's by point and a half. 460 00:25:51,000 --> 00:25:51,480 Adam Lang: That's right. 461 00:25:52,520 --> 00:25:54,560 Michael Thompson: Yeah, I'm probably still gonna win on points overall. 462 00:25:54,680 --> 00:25:58,040 Adam Lang: Somehow it's a podium finish for an easy win. Dymor 463 00:25:58,119 --> 00:25:58,600 Adam Lang: on that one. 464 00:25:59,760 --> 00:26:03,919 Michael Thompson: Let's role on then. Favorite story of the year, Sean, 465 00:26:03,960 --> 00:26:05,040 Michael Thompson: you better have a cracker? 466 00:26:05,160 --> 00:26:05,840 Adam Lang: What have you got? 467 00:26:06,640 --> 00:26:06,720 Michael Thompson: So? 468 00:26:06,880 --> 00:26:10,080 Sean Aylmer: I thought long and hard about this. I thought about 469 00:26:10,119 --> 00:26:14,120 Sean Aylmer: stuff from you know, the Pope's death and the global 470 00:26:14,200 --> 00:26:18,399 Sean Aylmer: leaders getting together. I thought about the election of Trump 471 00:26:18,440 --> 00:26:21,240 Sean Aylmer: and what happened with Biden. I thought about our own economy. 472 00:26:21,640 --> 00:26:24,520 Sean Aylmer: But you know, and maybe recency is part of the 473 00:26:24,560 --> 00:26:27,520 Sean Aylmer: reason I think of this. When I was thinking through 474 00:26:27,960 --> 00:26:32,119 Sean Aylmer: the snapshot of the year, that captures it best, and 475 00:26:32,160 --> 00:26:34,520 Sean Aylmer: I've got to go to what happened. Only it was 476 00:26:34,520 --> 00:26:38,159 Sean Aylmer: only about a week ago. Georgia Malaney, the Italian Prime Minister. 477 00:26:39,320 --> 00:26:42,960 Sean Aylmer: She was at the G seven conference. She led across 478 00:26:43,720 --> 00:26:46,720 Sean Aylmer: talking to Emmanuel Macron. Don't know whether it was in 479 00:26:46,720 --> 00:26:49,840 Sean Aylmer: Italian or French. I'm a duolingo French person myself, so 480 00:26:50,520 --> 00:26:53,680 Sean Aylmer: I can't help out in Italian nor French for that matter. 481 00:26:54,200 --> 00:26:59,040 Sean Aylmer: She's leaning across and it was everywhere, and she listens 482 00:26:59,040 --> 00:27:04,080 Sean Aylmer: to Emmanual cron for seven six five six seven seconds 483 00:27:04,359 --> 00:27:07,359 Sean Aylmer: and then there's sort of a flash across the thing 484 00:27:07,400 --> 00:27:10,680 Sean Aylmer: and you see Donald Trump. She does the best eye 485 00:27:10,760 --> 00:27:16,359 Sean Aylmer: roll I have ever seen. And to me, that and 486 00:27:16,440 --> 00:27:21,680 Sean Aylmer: captures the last twelve months. It's that. What's he going 487 00:27:21,680 --> 00:27:25,080 Sean Aylmer: on about? Now? Oh my god, it's that sort of 488 00:27:25,080 --> 00:27:26,800 Sean Aylmer: thing and she just does it. Now we don't know 489 00:27:26,800 --> 00:27:29,000 Sean Aylmer: what they're talking about. For all I know, they could 490 00:27:29,000 --> 00:27:31,679 Sean Aylmer: be talking about the next football World Cup, but no 491 00:27:31,720 --> 00:27:34,679 Sean Aylmer: one thought so. They just that Trump came in and 492 00:27:34,720 --> 00:27:38,480 Sean Aylmer: the mccron was talking and the eye roll, and to me, 493 00:27:38,600 --> 00:27:42,879 Sean Aylmer: that just encapsulates the last twelve months in the world. 494 00:27:43,600 --> 00:27:46,920 Sean Aylmer: Michael words, Yeah, it was amazing. 495 00:27:47,480 --> 00:27:48,399 Michael Thompson: Yeah, that's a good one. 496 00:27:49,560 --> 00:27:53,439 Sean Aylmer: Let's before before you do yours, Michael, for your Adam, 497 00:27:53,880 --> 00:27:58,840 Sean Aylmer: I'm going to give you how many guesses one on 498 00:27:58,880 --> 00:28:00,639 Sean Aylmer: what Michael might be talking about today? 499 00:28:00,880 --> 00:28:01,280 Adam Lang: Space? 500 00:28:02,280 --> 00:28:07,560 Sean Aylmer: Ah ah, Well, let's see, Michael, Actually. 501 00:28:07,480 --> 00:28:10,560 Michael Thompson: Would you believe, Adam I am more than just someone 502 00:28:10,560 --> 00:28:13,440 Michael Thompson: who is interested in space. There have been so many 503 00:28:13,520 --> 00:28:16,040 Michael Thompson: other stories to choose from this year, there has been 504 00:28:16,119 --> 00:28:17,160 Michael Thompson: so much happening. 505 00:28:19,080 --> 00:28:19,760 Sean Aylmer: But yes, it's a. 506 00:28:19,760 --> 00:28:29,960 Michael Thompson: Space It is about SpaceX, as Michael launching its starship 507 00:28:30,160 --> 00:28:37,040 Michael Thompson: vehicle into space and then and then catching the whole 508 00:28:37,200 --> 00:28:42,480 Michael Thompson: blooming booster rocket again using this giant arm on the 509 00:28:42,600 --> 00:28:46,000 Michael Thompson: landing pad. This is just this is stuff just straight 510 00:28:46,040 --> 00:28:48,200 Michael Thompson: out of science fiction. And this feels like it happened 511 00:28:48,280 --> 00:28:50,280 Michael Thompson: years ago. Now so much has gone on since then, 512 00:28:50,320 --> 00:28:53,000 Michael Thompson: but it was in this financial year, so it is eligible. 513 00:28:53,800 --> 00:29:00,880 Michael Thompson: The engineering in this is unbelievable. The souper heavy booster 514 00:29:01,120 --> 00:29:02,920 Michael Thompson: is what it's called that. That's the super heavy booster 515 00:29:03,040 --> 00:29:08,600 Michael Thompson: rocket is twenty three stories tall and it lowers itself 516 00:29:08,680 --> 00:29:11,720 Michael Thompson: back down towards the landing pace from landing pad from 517 00:29:11,760 --> 00:29:14,600 Michael Thompson: space mind you. So it's come a long way and 518 00:29:14,680 --> 00:29:19,160 Michael Thompson: it manages to get right onto this pad where the arm, 519 00:29:19,560 --> 00:29:24,320 Michael Thompson: the mechazilla arm just snatching it. The mecha zilla. 520 00:29:24,520 --> 00:29:25,160 Sean Aylmer: Yeah, that's cool. 521 00:29:25,680 --> 00:29:30,080 Michael Thompson: It just snatches it out of the sky. I could 522 00:29:30,120 --> 00:29:34,000 Michael Thompson: watch that video a hundred times and still be amazed 523 00:29:34,040 --> 00:29:37,280 Michael Thompson: by it every single time, and I probably have watched 524 00:29:37,320 --> 00:29:39,320 Michael Thompson: it one hundred times to be honest. It is not 525 00:29:39,400 --> 00:29:41,200 Michael Thompson: a one off as well, like you go, oh yeah, 526 00:29:41,240 --> 00:29:43,160 Michael Thompson: that was just a fluke. It's not a fluke because 527 00:29:43,160 --> 00:29:46,840 Michael Thompson: they've done it multiple times now, just snatch after snatch, 528 00:29:46,960 --> 00:29:49,880 Michael Thompson: just grabbing these things out of the air. Of course, 529 00:29:49,920 --> 00:29:52,200 Michael Thompson: SpaceX needs to hold onto that because I've had a 530 00:29:52,240 --> 00:29:54,640 Michael Thompson: series of explosions in recent months as they kind of 531 00:29:54,680 --> 00:29:57,960 Michael Thompson: push further and further and further. But seriously, that grabber, 532 00:29:58,440 --> 00:30:01,840 Michael Thompson: that space grabber is just next level. And that is 533 00:30:01,880 --> 00:30:04,440 Michael Thompson: my favorite story of the year. Like when there's been 534 00:30:04,520 --> 00:30:08,520 Michael Thompson: so much bad stuff happened in the year, like that 535 00:30:08,720 --> 00:30:11,400 Michael Thompson: is just I love that story as an example of 536 00:30:11,440 --> 00:30:14,479 Michael Thompson: what can be achieved. I just think it's amazing. Anyway, 537 00:30:14,480 --> 00:30:17,440 Michael Thompson: there you go. It surprisingly a space story and I 538 00:30:17,440 --> 00:30:19,800 Michael Thompson: think we will be united behind that one. 539 00:30:21,000 --> 00:30:24,640 Speaker 4: Michael Mechazilla, great name, right. This is also the team 540 00:30:24,680 --> 00:30:29,040 Speaker 4: that brought us to describe explosions spontaneous disassembly. Oh sorry, 541 00:30:29,040 --> 00:30:31,320 Speaker 4: spontaneous unscheduled disassembly, isn't it. 542 00:30:32,160 --> 00:30:35,320 Adam Lang: Yes, terminology, I've got a. 543 00:30:35,320 --> 00:30:36,800 Michael Thompson: Full department for naming things. 544 00:30:36,960 --> 00:30:37,920 Adam Lang: Yes, that's right. 545 00:30:38,080 --> 00:30:42,760 Speaker 4: So in this instance, because of the brilliance of engineering 546 00:30:42,800 --> 00:30:46,280 Speaker 4: and the courage of testing to do something so bold, 547 00:30:46,360 --> 00:30:49,120 Speaker 4: I think the SpaceX catcher is a is a win 548 00:30:49,200 --> 00:30:51,760 Speaker 4: for my favorite story of the year. As good as 549 00:30:51,800 --> 00:30:54,200 Speaker 4: the eye roll was, I mean it was a spectacular 550 00:30:54,280 --> 00:30:54,680 Speaker 4: eye roll. 551 00:30:54,880 --> 00:30:58,160 Michael Thompson: We all appreciate a good eye roll, particularly the judging 552 00:30:58,200 --> 00:30:59,920 Michael Thompson: on occasion. You should have seen that one just then. 553 00:31:00,120 --> 00:31:01,200 Adam Lang: I see them every week. 554 00:31:01,760 --> 00:31:03,360 Michael Thompson: Oh here he goes again. 555 00:31:03,880 --> 00:31:05,880 Sean Aylmer: It's hard. It's hard to lose. I mean, it's hard 556 00:31:05,920 --> 00:31:07,200 Sean Aylmer: to lose, but you know, if you're going to lose, 557 00:31:07,240 --> 00:31:09,440 Sean Aylmer: you might as well lose to science fiction. 558 00:31:09,720 --> 00:31:12,560 Michael Thompson: It's kind of a space grabber. Yeah yeah, yeah, yeah, Okay, 559 00:31:12,840 --> 00:31:15,680 Michael Thompson: So to all, it's going to come down to the 560 00:31:15,680 --> 00:31:17,800 Michael Thompson: points out for the financial year. 561 00:31:18,080 --> 00:31:29,280 Speaker 4: Drum roll, Michael. Eighty nine points. Oh no, ninety two points. 562 00:31:30,960 --> 00:31:32,520 Michael Thompson: That is a landslide. 563 00:31:32,560 --> 00:31:34,880 Sean Aylmer: I really got done over on the AI one. 564 00:31:35,480 --> 00:31:39,840 Adam Lang: Yeah, this sleepers story was just not really a sleeper. 565 00:31:40,200 --> 00:31:42,680 Michael Thompson: I don't complete, like a complete like a vision from 566 00:31:42,720 --> 00:31:43,520 Michael Thompson: the judge today. 567 00:31:43,960 --> 00:31:47,920 Sean Aylmer: I just oh, we will, we will dump sleeper story 568 00:31:47,920 --> 00:31:49,080 Sean Aylmer: foreverd from now. Michael. 569 00:31:49,720 --> 00:31:52,480 Michael Thompson: This this is why we got rid of it, because 570 00:31:52,520 --> 00:31:56,160 Michael Thompson: it's a nonsense category. But that I lose every week, 571 00:31:56,440 --> 00:31:58,640 Michael Thompson: and not through any fault of my own, because it 572 00:31:58,800 --> 00:32:00,920 Michael Thompson: inconsistent ferior judging. 573 00:32:01,040 --> 00:32:03,120 Adam Lang: It's a wrong forced upon you. Michael. 574 00:32:03,240 --> 00:32:06,160 Michael Thompson: That's right anyway, Thank you very much, Adam. That is 575 00:32:06,480 --> 00:32:08,200 Michael Thompson: a that was an effort. 576 00:32:09,440 --> 00:32:11,760 Adam Lang: Thank you, Michael, thank you, Sean, Thank. 577 00:32:11,640 --> 00:32:13,000 Sean Aylmer: You very much, Sean, thank you. 578 00:32:13,200 --> 00:32:16,480 Michael Thompson: All right. Remember to make sure you're following the podcast 579 00:32:16,560 --> 00:32:19,479 Michael Thompson: and join us online on LinkedIn, Instagram, TikTok, Facebook, and X. 580 00:32:19,480 --> 00:32:21,760 Michael Thompson: I'm Michael Thompson. And that was fear and greed. Have 581 00:32:21,840 --> 00:32:22,560 Michael Thompson: a great weekend.